Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year::Tesla may agree to buy the truck back at the original price minus “$0.25/mile driven” and any damages and repairs.
Tesla will sue you for $50,000 if you try to resell your Cybertruck in the first year::Tesla may agree to buy the truck back at the original price minus “$0.25/mile driven” and any damages and repairs.
For Ferrari, if you break their stipulations, they put you on a blacklist and won’t sell you another ever again. I can’t find any other hard-and-fast things they do because there’s a lot of rumor milling, but barring you from purchases and ending your dealership maintenance seem to be “for sure”. I imagine it comes with some other stigmas from the community too. But much like real estate covenants if you agree to something in a contract, and then break it, you’re subject to civil action. In a Covenant, the contract holders are permitted to buy back your house and evict you.
If I recall correctly, Ferrari being assholes is why Lamborghini isn’t just a tractor brand.
That is correct
Yeah for the people in question (buying ferraris/teslas) that blacklisting part might be deterrence enough. Still, even in that real estate covenant construction you mention, that ‘something’ they stipulate cannot be unlawful I think.
If they simply forbade resale, it would be an unenforceable term. The obligation on them to buy it back (at an agreed price) in order to enforce the term likely makes it legal.